Identify each person below as structurally, frictionally, or cyclically unemployed.
1) A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Yvette.
2) Musashi recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. He continues to look for a job, but he's considering going back to school for vocational training.
3) Rina just graduated from college and is looking for a full-time position with an investment banking firm.
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Home » Business » Identify each person below as structurally, frictionally, or cyclically unemployed. 1) A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Yvette.